*Financial Metrics* - 5.00% in-place Cap Rate with potential to reach 6.54% post-ADU conversion and 17% average annual return. *Property Features* - 8 units with 3 current vacancies, completed seismic retrofit, and potential for 3 additional ADUs. *ADU Potential* - 2 ADUs are RTI, and there is potential to add… Read More a third ADU. *Location Benefits* - Centrally located near the NoHo Arts District, Red/Orange Metro Line, and upcoming mixed-use developments. *Capital Improvements* - New paint, electrical panels, breakers, security cameras and landscaping, over $100K in capital expenditures. *Walk Score* - Very walkable neighborhood with a 72 Walk Score--most errands can be done on foot. Read Less
Courtesy of KW Advisors 310-482-2200
Listing Snapshot
Days Online
0
Last Updated
Property Type
Other
Beds
10
Square Ft.
4,794
Lot Size
0.2 Acres
Year Built
1953
MLS Number
25566573
Additional Details
Building
4,794 sq ft, Built in 1953, Levels: Two
Cooling
Wall/Window
Disclosures
None
Garage
Garage - 2 Car, Covered Parking
Heating
Wall
Lot
LotAcreage: 0.2047, LotSizeArea: 8,916
Parking
TotalParking: 0
Property
NumberOfUnits: 8, Zoning: LAR3
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